Question: Please expain all steps A bank account is opened with $ 1 0 , 0 0 0 at time t = 0 years. The account

Please expain all steps
A bank account is opened with $10,000 at time t=0 years. The account pays interest at an annual rate of 4%, compounded continuously; the account accrues interest at a rate of 0.04p(t). Suppose the deposit rate is
r(t)=900 dollars per year, 0t2
r(t)=450 dollars per year, 2t5
r(t)=350 dollars per year, t5
Formulate an appropriate ODE with an initial condition, and solve using
the Laplace transform. Plot the solution for time 0t20.
Please expain all steps A bank account is opened

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